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of <h1>Income Tax Rules: Member's Share in Association's Income Exempt Unless Otherwise Specified Under Section 309.</h1> Income tax is not payable by a member of an association of persons or body of individuals on their share of the association's income, as computed under section 309, unless specified otherwise. If the association's total income is not chargeable to tax, the member's share is taxable as part of their total income. If the association is taxed at the maximum marginal rate or higher, the member's share is excluded from their total income. In other scenarios, the member's share is included in their total income.
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